Japanese Central Bank Committee member: Inflation may reach the target earlier than expected, should consider raising interest rates as soon as possible

Mars Financial News: Mr. Tamura Naoki, a member of the Central Bank of Japan's deliberation committee, said on Wednesday in Fukushima Prefecture during a speech to the business community that the Central Bank of Japan should consider raising Intrerest Rates further as soon as possible because inflation may reach the target earlier than expected. He said, "My basic idea is that the Central Bank will not be guided by any preconceived analytical data and various information, but will promptly and appropriately increase the policy Intrerest Rate and adjust the degree of monetary easing based on the improvement of economic activities and prices, without haste or delay." He believes that the pace of inflation rise may be faster than the Central Bank of Japan's expectations, forcing the Central Bank of Japan to take decisive action in a globally uncertain situation.